8,937 Shares in STMicroelectronics (NYSE:STM) Purchased by Arjuna Capital

Arjuna Capital acquired a new position in shares of STMicroelectronics (NYSE:STM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 8,937 shares of the semiconductor producer’s stock, valued at approximately $266,000.

Other large investors have also made changes to their positions in the company. Waldron Private Wealth LLC bought a new position in STMicroelectronics during the third quarter valued at about $34,000. Whittier Trust Co. of Nevada Inc. increased its stake in STMicroelectronics by 144.2% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,243 shares of the semiconductor producer’s stock valued at $49,000 after acquiring an additional 734 shares during the period. Ridgewood Investments LLC bought a new position in STMicroelectronics during the second quarter valued at about $51,000. Tompkins Financial Corp bought a new position in STMicroelectronics during the third quarter valued at about $59,000. Finally, Covestor Ltd bought a new stake in shares of STMicroelectronics in the 3rd quarter valued at approximately $62,000. Institutional investors and hedge funds own 5.05% of the company’s stock.

STMicroelectronics Trading Down 4.7 %

Shares of NYSE:STM traded down $1.27 during midday trading on Wednesday, hitting $25.88. The company had a trading volume of 1,028,659 shares, compared to its average volume of 3,977,200. STMicroelectronics has a 12 month low of $25.81 and a 12 month high of $51.27. The company has a current ratio of 2.84, a quick ratio of 2.16 and a debt-to-equity ratio of 0.12. The stock has a market cap of $23.38 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 3.27 and a beta of 1.57. The firm has a fifty day simple moving average of $28.04 and a 200 day simple moving average of $34.64.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings results on Thursday, October 31st. The semiconductor producer reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.04. STMicroelectronics had a return on equity of 13.29% and a net margin of 16.11%. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.27 billion. During the same period last year, the company earned $1.16 EPS. The firm’s revenue was down 26.6% on a year-over-year basis. On average, analysts predict that STMicroelectronics will post 1.64 EPS for the current year.

STMicroelectronics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Tuesday, December 17th will be issued a dividend of $0.09 per share. The ex-dividend date is Tuesday, December 17th. This represents a $0.36 annualized dividend and a yield of 1.39%. STMicroelectronics’s dividend payout ratio is presently 12.76%.

Analyst Ratings Changes

STM has been the topic of several analyst reports. Robert W. Baird lowered their price objective on STMicroelectronics from $35.00 to $30.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Susquehanna decreased their price target on STMicroelectronics from $35.00 to $33.00 and set a “positive” rating on the stock in a research report on Friday, November 1st. Morgan Stanley lowered STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research report on Monday, November 4th. StockNews.com lowered STMicroelectronics from a “buy” rating to a “hold” rating in a research report on Thursday, September 19th. Finally, TD Cowen decreased their price target on STMicroelectronics from $50.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, STMicroelectronics has a consensus rating of “Moderate Buy” and an average target price of $37.63.

STMicroelectronics Company Profile

STMicroelectronics N.V., together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments.